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INVERCARGILL SUPREME COURT

(*BB PRESS ASSOCIATION.)

Invxkoabgill, April 15. At the Supreme Court to-day the aotlon Bank of. New Zealand v Wilson, Talne and Co., auctioneers, for the recovery of £960 due on a dishonored promissory note and the cross aotlon m which the firm olaims £2000 damages, alleging that their business had been injured by the aotlon of the Bank m dishonoring a oheque while sufficient fands lay to their credit m their No 3 account to meet the oheque, were commenoad. The actions cause much Interest In the district, ssveral farmers being involved la the promissory note transactions. Defendants admit tea the Bank's olaim. They were under examination all day; They deposed that tho business hid been destroyed by the aotlon- of the Bank m treating the No. 3 aooount, whioh they alleged was specially created to deal with the proceeds of the season's wool sales and secure the interests of vendors, as an ordinary aooonnt, and j? d using to honor any oheqnes till arrangements were made to reduce their general overdraft whiob had stood at about £2000 ! for several years. In cross-examination it was admitted that the firm had re- ! received nn wards of £600 from clients to retire bills for whioh. the Bank sued. The bearing is likely to last a day or two.

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Permanent link to this item

http://paperspast.natlib.govt.nz/newspapers/AG18890416.2.12

Bibliographic details

INVERCARGILL SUPREME COURT, Ashburton Guardian, Volume VII, Issue 2111, 16 April 1889

Word Count
219

INVERCARGILL SUPREME COURT Ashburton Guardian, Volume VII, Issue 2111, 16 April 1889

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